Apex buildtech

GURUGRAM: In a big relief to over 1,100 homebuyers, the department of town and country planning (DTCP) has approved the renewal of the project licence of Apex Our Homes in Sector 37C. The move will allow the developer— Apex Buildtech — to restart construction work, and the delivery of flats is expected from next month.
Delayed by about three years, the society, which comes under the state government’s affordable housing project, has 1,136 units in 26 towers and is 90% complete.
The DTCP had issued a licence for the 10-acre project in 2012, but it expired last year as the project wasn’t registered under H-Rera.
Banks soon stopped funding for the project, and work has been stalled for the past few months as a result. TOI had on February 9 reported about the delay in the completion of the project and had highlighted the agony of the homebuyers, who have been shuttling between various government agencies, including H-Rera and DTCP, requesting their intervention for early completion of the project.
While renewing the licence last week, DTCP set two conditions for the developer to fulfil, which included the construction of community sites as per the Huda Act, 1975, and deposit of bank guarantee and external development charges within 15 days.
District town planner (planning) RS Batth said the department renewed the licence of the project till December 2019 under the given terms and conditions and keeping in view the grievances of homebuyers.
“The decision will ensure that aggrieved homebuyers get the possession of their flats at the earliest. Some buyers had met DTCP director KM Pandurang and shared their concerns, after which he took the decision to renew the developer’s licence,” Batth said.
Apex representative Surinder Singh said the project would soon be registered under H-Rera. He added, “The possession for 432 flats in 10 towers will begin within a month. The remaining 704 flats in 16 towers will be delivered in the next four months.”
Homebuyers welcomed the move. “It is great news for us. We hope that the remaining work will be completed soon and flats will be delivered this year. We met the developer and DTCP officials in at least three meetings, after which the department took decision in buyers’ favour,” a homebuyer said.

Sources: realty.economictimes.indiatimes.com

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